LME Nickel Price to Hover at Highs (2017-6-28)-Shanghai Metals Market

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LME Nickel Price to Hover at Highs (2017-6-28)

Price Review & Forecast 09:42:53AM Jun 28, 2017 Source:SMM

SHANGHAI, Jun. 28 (SMM) – API crude oil inventories in the US unexpectedly rose, pushing down NYMEX August oil below USD 44/bbl. IMF lowered its forecast for US economic growth for this and next year. Fed Chair Janet Yellen said US productivity remained low, weighing down the US dollar. Gold increased. LME nickel will hover at highs today, and SHFE 1709 nickel should hover between RMB 75,300-76,500/mt, with spot prices between RMB 74,500-77,200/mt.

LME Nickel Price to Hover at Highs (2017-6-28)

Price Review & Forecast 09:42:53AM Jun 28, 2017 Source:SMM

SHANGHAI, Jun. 28 (SMM) – API crude oil inventories in the US unexpectedly rose, pushing down NYMEX August oil below USD 44/bbl. IMF lowered its forecast for US economic growth for this and next year. Fed Chair Janet Yellen said US productivity remained low, weighing down the US dollar. Gold increased. LME nickel will hover at highs today, and SHFE 1709 nickel should hover between RMB 75,300-76,500/mt, with spot prices between RMB 74,500-77,200/mt.